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we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer from the white house. we know that the ap is also reporting that at least partial offers have been exchanged between the two sides over the past two days. so, clearly, what we know here is that paper is changing hands and the deal making is actually happening right now. what we don't know is what the content of that deal is. and speaker's office telling me right now that they're not going to be able to provide any detail on what was in that counter offer, so, behind the scenes, the mystery continues here. >> so, again, we're not necessarily zeroing in on exactly
we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more american jobs. this from the speaker's office. they are also saying that their offer now today was in response to a new offer...
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., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and i think the republicans and making sure that the debt ceiling is extended for a long time because the one thing that could hurt the economy even more than going off some curb or cliff or slope is if we had a rep tilgs of the debt ceiling battle that we had in 2011. >> so in your view right now, you think that we're past -- potentially past the tax reform question? it's about not the stimulus money but the debt ceiling negotiation and it's important because many communities are not impacted by private sector job growth and need the public sector jobs that the stimulus would
., let's talk about the fiscal cliff negotiations and the politics of it. how do these numbers effect, if you feel it effects at all the ongoing negotiations? >> first, for the unemployment we would have heard that obama cooked the preelection numbers. and and, second, i'm glad that secretary solis said we don't need more push, particularly benefiting the unemployment and that's got to be part of the fiscal cliff negotiations that. is something that the republicans have to deal with. and...
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. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again. it's hard to think that's not going to be where they end up, so why not make it clean instead of ugly. >> i think that it is true that many republicans are saying privately what tom cole said on this show, that they believe the politically expedient and right thing to do now is just to cut their losses, agree to tax rates going up for the most wealthy and really try for significant tax reforms so that 39.6% is going to be moot. >> if nothing is done by the end of the year to avoid the fiscal cliff, automatic federal spending cuts could impact the foot we eat. emily schmidt explains. >> preparing for holida
. >>> both sides in the fiscal cliff negotiations are much closer despite what you might think. on today's state of the union, jackie -- of the times picked up on something. >> he said you know, the republicans really ought to think about just declaring victory by going along with the president and senate democrats and taking the 98% of the tax cuts they agree on for everybody below $250,000 and just work next year on tax reform and see if they can get the top rate down again....
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cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger cliff. i think that the president clearly has staked out a position of nonseriousness. and i think that it's very difficult for the house republicans right now to find any practical way to get his attention. so, he just won an election. he is feeling very good about himself. he is posturing brilliantly, putting the republicans in a corner. they need to relax. they don't have an election until november 2014. >> senior congressional correspondent dana bash joins me now. dana, can we expect fire woworkt the meeting this morni
cliff negotiations. president obama has said there will be no deal unless taxes are raised on the wealthiest americ americans. but staunch conservatives don't want any kind of new taxes. that's where speaker boehner's job gets really tough. on piers morgan tonight newt gingrich said if all else fails, go over the cliff. >> i think that no deal is better than a bad deal. i think going off this cliff is less dangerous than letting things build up for a year or two years to an even bigger...
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. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over this cliff which means they're willing to let your taxes go up and unemployment checks go away massive spending cuts happen if the pentagon instead of continuing the tax breaks for the wealthy. now there's been very little progress here on chiapitol hill which is why so many have gone home. we know that president obama and john boehner spoke by phone. republican sources telling us they had a conversation yesterday. we don't have a readout on what that was about. we don't know that if any meetings have been scheduled. but any small sign of progress is welcome here on capitol hill. now with so many law
. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a long weekend break. this as timothy geithner says the obama administration is willing to go over the fiscal cliff. nbc's tracie potts joins us live from washington with an update. good morning to you. >> reporter: let's start with geithner. he told cnbc that instead of continuing tax breaks for the wealthy, the obama administration is willing to go over...
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host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will face on january 1, 2013. there is no question that the president and the speaker will come to a compromise. back during the days of former president lyndon baines johnson and the senator leader at the time, some of the issues that are going on -- i will never forget when dirkson was talking to the president, and the president said we should meet this evening. the senator said i think we have reached our wit's end. johnson left the white house and met with the senator to show his commitment and said this is what we have to do. as a result of that meeting, they came to some d
host: armstong williams, how do you see the fiscal cliff negotiations going? where do you see them going? guest: there is no doubt that the president signaled yesterday in his conversation to the speaker of the house, and no matter what the drumbeats of the politicians and activists may say to the media, there is no question he is committed to resolving this issue. you cannot resolve this issue bringing people back to certainty or to help business owners understand the liabilities they will...
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investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported declines with for down for a month. we continue our "countdown to the closing bell" with liz claman. liz: the fiscal cliff talk is everywhere, always good to be hearing about lately, but is there really something else that can be bubbling under the surface that could send the market into a tailspin that we should be talking about now? join me in a fox business exclusive, 2003 nobel laureate in economics and nyse will institute director. he has a whole institute for volatility. spotting risk. we thought let's bring you in and talk about noo the fiscal cliff of the three hidden risks peo
investors continue to focus their attention on washington and the fiscal cliff negotiations. right now the dow was up 34 points. the justice department antitrust division is a record amount of criminal fines this year handing out more than $1.1 billion in penalties. the doj confirmed the ddta provided exclusively to fox business. the jerseys can industry suffered the biggest drop thanks to superstar sandy. atlantic city's casino revenue slipped nearly 28%. each of the city's 12 casinos reported...
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cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway in virginia. >> this is why i want you and chris on. what is the president hoping to get done? what's his time frame? does he believe in the cliff or does he think it's a bungee jump? >> no, he truly believes in the cliff. he has been getting -- and he's getting economic warnings from his own team that say, don't believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will go into recession. >> therefore, let's g
cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway...
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i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the number if we take it off. where do the people go? those 65 to 67-year-olds will go into the private system where these exchanges we're going to have. they're likely going to pay more money there and the premiums are going to go up because of all those seniors. so it isn't free! that's my point. it is not just the government saves money, other people, those seniors are going to pay to be in those exchanges. >> there's no free lunch. >> nothing. >> i think there is good news that with this administration we don't have to worry about having another debate about privatizing social security. you and i, bob, are prob
i's an ipad, iphone fan. >>> another option on the fiscal cliff negotiating table being considered is raising the age when seniors can start receiving medicare to help ease our debt burden. what do you think, bob pisani? raise the age. is it a good idea? >> of course it is going to help us. we should consider that. that's the most likely thing on the cable. what i'm worried about here, it is very easy to say we'll save a bunch of money, pick a number, $6 billion or whatever the...
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over the fiscal cliff negotiations one thing has become crystal clear. the schisms are becoming more and more pronounce. there are three distinct groups, theological warriors who want to impose their views on the country. tee party zealots and remnant of the pro business moderates while their fiscal views are the last reasonable voice in the republican party. it's this last group who are willing to compromise and combine their ideologies with governing. it is this group bit by bit who are peeling away the extreme views of the rest of the party. the most important question remains are there enough of them to make a deal and reign in the g.o.p. circus. joining me now charles pierce, writer to esquire and author and host of ring of fire and majority report sam seder. do you feel sorry for john boehner who has all these circus folks with him? >> i don't. >> eliot: shocking to me. >> look, he has--he's trying to maintain his caucus, and you know, at the end of the day i don't really invest too heavily about the actual persons of these politicians. the fact th
over the fiscal cliff negotiations one thing has become crystal clear. the schisms are becoming more and more pronounce. there are three distinct groups, theological warriors who want to impose their views on the country. tee party zealots and remnant of the pro business moderates while their fiscal views are the last reasonable voice in the republican party. it's this last group who are willing to compromise and combine their ideologies with governing. it is this group bit by bit who are...
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president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the kind of revenue for a balanced deficit reduction plan is to make sure that we're also modestly increasing rates for people who can afford it. folks like me. just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. >> the concerted effort from the white house is very clear. here's white house press secretary jay carney. >> what will produce a deal is an acknowledgement by republicans, republican leaders, that rates on the top 2%, the wealthiest americans, have to rise. there is no deal without that acknowledgement, and without a concrete,
president obama has put house speaker john boehner and republicans in a box on fiscal cliff negotiations. and the evidence is mounting. president obama stayed on offense today, visiting the santana family in northern virginia whose taxes will go up more than $4,000 in 2013 if middle class tax cuts aren't extended. >> i'm encouraged to see that there's been some discussion on the part of republicans acknowledging the need for additional revenue. as i've indicated, the only way to get the...
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cliff negotiations for some stimulus spending doesn't hurricane sandy prove that we need it here's an opportunity to. take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this country has been following that policy for so long that we are near because if we didn't come you know didn't warn them about it and the wheels are coming off because since the reagan administration we have not. spending money on infrastructure in the united states look around you most of the infrastructure was built in the fifty's sixty's seventy's and early eighty's and then we've. been spending on government run health we're going to have star wars four trillion dollars is not to blame for what's actually happening in new york because of the storms right now and the money that it's not about
cliff negotiations for some stimulus spending doesn't hurricane sandy prove that we need it here's an opportunity to. take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this...
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cliff negotiations. >> the president seems to be walking us ever so slowly towards the cliff. we have said we are committed to staying here. we are going to stay here right up until christmas eve. throughout the time and period before the new year. >> now, their warning followed a 15 minute phone call between john boehner and the president described as tense by the news team. a characterization, the speaker himself disputed. >> i remain the most optimistic person in this town, but we have serious differences. the president and i have frank conversation about just how far apart we are. >> democratic sources tell us the phone call fell apart because the latest counter proposal included an extension of tax cuts for the wealthy, a permanent extension. another that was disputed. the press secretary reiterated that is a non-starter for the president. >> they refused to accept the fundamental fact that higher income americans, millionaires and the billionaires, the top two% are not going to have tax cuts extended. the president made that clear. >> now with negotiations stuck dare we
cliff negotiations. >> the president seems to be walking us ever so slowly towards the cliff. we have said we are committed to staying here. we are going to stay here right up until christmas eve. throughout the time and period before the new year. >> now, their warning followed a 15 minute phone call between john boehner and the president described as tense by the news team. a characterization, the speaker himself disputed. >> i remain the most optimistic person in this town,...
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we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing
we've got this negotiation for the fiscal cliff. if we go over the fiscal cliff, what is the impact to your business? >> well, there would be an impact on consumption, for sure. so when it comes to puma or mainstream brands in america in sports, there will be a for sure some consequences in terms of consumption. but i see that as an investment for the future. so it might be a little bit different from some of other ceos. we have to get over the fiscal cliff. let's not delay the thing. it...
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. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a
. >>> and president obama and house speaker boehner mum on fiscal cliff negotiations. and a sign that a deal could be near. >>> new world order, the economy growing at an enormous rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with...
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so that's why in the fiscal cliff negotiations it would be counterproductive if congress cut invest. >>> in education and job training to "reduce the deficit" in a way that would impact future economic growth. we've got to fix the workforce investment, the job training system in the united states to prepare people for the types of jobs that ceo has. >> you've been there, you've had to forge deals between warring constituencies. fiscal cliff. what would the solution be if you were handling it? >> i like the idea of the president, john boehner, the key players, getting together with no staff in the room. the second thing, they've got to be guided by a couple of things. number one, what is best for the nation? not my party, not my philosophy, not necessarily my politics. number two -- >> you'd like it one on one. >> editd' i'd like it one on on discuss specifics in a one on one way. second, they may agree there should be short-term steps and long-term steps, i think we can get there. the nation is counting on them doing something significant. >> saints/giants this weekend? >> i've got t
so that's why in the fiscal cliff negotiations it would be counterproductive if congress cut invest. >>> in education and job training to "reduce the deficit" in a way that would impact future economic growth. we've got to fix the workforce investment, the job training system in the united states to prepare people for the types of jobs that ceo has. >> you've been there, you've had to forge deals between warring constituencies. fiscal cliff. what would the solution be...
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fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good
fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime,...
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well, there were other developments aside from the fiscal cliff negotiations today. apple today, big loser once again. the stock continues in a free fall. bertha coombs on the latest on apple. >> that fall on apple really affecting the overall market. apple closing at the lows of the day. the concerns, essentially, are fundamental, that they may be losing market share when it comes to ipad, slower iphone sales, but also technical. they're really seeing the stock moving below some support levels here. then also, the financials. that was the other side of this. citi with that announcement they were cutting their costs. today one of the big gainers. that set off a rally in financials. bank of america closing about $10 for the first time in 17 months. >> all right, bertha. thanks so much. hopes running high for pandora media, meanwhile. >> the radio advertising market alone that we're just beginning to scratch the surface of is a $15 billion plus market. we're a leader in mobile, which is set to become another $15 billion plus market. >> we're going to hear more from the
well, there were other developments aside from the fiscal cliff negotiations today. apple today, big loser once again. the stock continues in a free fall. bertha coombs on the latest on apple. >> that fall on apple really affecting the overall market. apple closing at the lows of the day. the concerns, essentially, are fundamental, that they may be losing market share when it comes to ipad, slower iphone sales, but also technical. they're really seeing the stock moving below some support...
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cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north korea wants to launch what it calls a peaceful satellite sometimes before november 22nd. the u.s. believes the rocket is a cover to test missile technology. >>> president obama is speaking out against ongoing unrest in egypt. he has called egyptian president mohamed morsi to express concern about recent protests that have resulted in numerous deaths and injuries, calling the violence unacceptable. president obama did welcome morsi's call for talks with opposition leaders. this comes after a violent week in cairo. on wednesday night, s
cliff negotiations turn out. in virginia, governor bob mcdonnell says some of the cuts to state agencies recommended to him will appear in his budget even if congress and the white house reach a deal to avert the fiscal cliff. >>> a developing story out of north korea. the country may set off a long range rocket as early as this monday. that's according to media reports in south korea. the rocket is reportedly being fueled, but heavy snowfall may have slowed down preparations. north...
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and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to support risk assets. you were talking about how the dollar is melting up for the fourth consecutive day. the federal reserve will make a very active effort to continue to support risk assets. whether they're equities or commodities. the metals market had a very positive day, recovering a bit with the damage done last week. risk assets are doing well, but over the fiscal cliff for sure in december. liz: the fed, the fed, the fed. they're not going to do anything, but they might announce some sort of easing that is what we constantly talk about and wonder because that has been the trade. with it had a decent
and peter barnes with the latest developments on the fiscal cliff negotiations, but let's art in chicago with john, two very interesting situations continuing, drama over the fiscal cliff in d.c. and also this week we have the fed meeting. which is more important to the market? >> eventually it will be the fiscal cliff that is more important to the market, but make no doubt about it, the fed meeting with the announcement wednesday morning and wednesday afternoon is going to continue to...
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cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more unions will be reeling. their penetration, the private sector is something like 7% of the private sector work force is unionized, and i have to say -- i don't use words like this very often, i thought some of the governor's comments were kind of orwelian to suggest this was a pro-worker move. it's clearly a move that may help businesses, but what a kick in the teeth to autoworkers unions, who as you correctly point d out, gave a lot back to help the auto industry get back on its feet, the notion that we had to do this now with this lame-duck session because they raised it in some other proposition is bizarre to me, and
cliff negotiations in washington is our colleague and friend ruth marcus from "the washington post." columnist for "the washington post." ruth, this whole issue in the midwest, this used to be most likely in the southern states, but this really is moving, and we're seeing a real decline in union household membership about half what it was 40 years ago. it used to be 24%. now it's 11.8%. >> unions are reeling, and the more states that enact measures like this, the more...
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tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork for the 2013 and 2014 elections. lives on sunday at 10:00 a.m. eastern. next, a quick look at president obama and the first family last week at the national christmas tree lighting ceremony. ♪ [applause] >> merry christmas, everybody! >> it is great to see you all. happy holidays. happy holidays, mr. president. >> is it time? i think it's time. i hope everybody is ready. we have to do the countdown. starting with five. 5, 4, 3, 2, 1. [cheers] ♪ >> merry christmas, everybody. ♪ >> please welcome the director of washington and st. john's church. >> let us about our heads in prayer. let us prey. gracious
tomorrow, we will talk about the latest news about the so-called fiscal cliff negotiations with a former congressional budget office director. then a look at the lobbying going on in washington. later, a look at developments in syria and the response from the international community. "washington journal" here on c- span. this week, we will have the vermont governor and new chairman of the democratic governors' association, who will talk about the fiscal cliff and laying the groundwork...
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on the negotiations on the fiscal cliff. obviously optimism is running high right now. we're up five days in a row now on the dow jones industrial average. as far as what the markets are doing, we're being led today by tech stocks. apple is having a decent day although it still doesn't have a trading range. at least not in my opinion. it's trying to trade between 500 and $600. i don't know which way it's going to go. texas instruments having a very good day. rauzed their fourth quarter outlook. they're getting out of the mobile chip market. altera is okay. two sectors having a big day. defense stocks, number one. who would have thought? what sequestration worries are there? this is a historic high. the philadelphia defense index, the main index everyone watches in defense stocks, historic high today. all the big name defense stocks are to the upside. raytheon, northrop, rockwell. all are up and outperforming the market this month. who would have thunk it? say what you will. these stocks are having big worries on sequestration. put up my two main points and i'll tell you
on the negotiations on the fiscal cliff. obviously optimism is running high right now. we're up five days in a row now on the dow jones industrial average. as far as what the markets are doing, we're being led today by tech stocks. apple is having a decent day although it still doesn't have a trading range. at least not in my opinion. it's trying to trade between 500 and $600. i don't know which way it's going to go. texas instruments having a very good day. rauzed their fourth quarter outlook....
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Dec 7, 2012
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is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think this is what's going to happen. i think it's 50-50 we get a deal. no vacation. no legislation, no vacation. i think that when people get their paycheck at the end of january, they are going to be shocked at how much lower it is. i know these guys in washington, their paycheck isn't affected. i think when you get your paycheck, you're going to say i hate that. it is going to be that big. it's going to be very -- the takeout is going to be
is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a...
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cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly address this weekend says that democrats have some wiggle room on what they're willing to give to get a deal done. what are they willing to give? >> well, first of all, remember that as part of the budget control act the president signed into law about a trillion dollars in cuts and right now the president's priority is to pass a middle class tax cut and benefit 97% of small businesses, and that's the first priority and then, obviously, second part is to deal with the fiscal cliff and he's put entitle and spending cuts on the table and i think really, the issue here is whether republicans are going to be o
cliff negotiations, as the end of the year approaches, but there are new questions this weekend about what will happen to the u.s. economy if washington fails to come up with the solution. and joining me now, angela mcglowan, a fox news political analyst and doug cornell, a former spokesperson for the democratic congressional campaign committee and a democratic strategist. great to see both of you. >> thank you, good to be with you. >> doug, you first, president obama and his weekly...
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Dec 6, 2012
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cliff and they're notle to negotiate and put something on the table. we've put a good faith effort on the table and you know what, the president is the leatheaet lead. i expect him to be in washington rather than out campaigning. the campaigning is over. it's time to sit at the table with the leaders and that's what it's going to take. i'm very disappointing that's not happening. >> i want to play something that house speaker boehner had to say yesterday. >> the revenues we're putting on the table are going to come from guess who? the rich. now, there are ways to limb the deduction, close loopholes and have the same people pay more of their money to the federal government without raising tax rates. >> congresswoman, the "new york times" reporting today that boehner is enjoying the broadest support he has seen in two years but as you know, a lot of conservatives are very angry over his giving any ground on revenue. is the speaker's leadership still strong in your estimation? >> i think it is. and i know that it's a very tough position for our leader to
cliff and they're notle to negotiate and put something on the table. we've put a good faith effort on the table and you know what, the president is the leatheaet lead. i expect him to be in washington rather than out campaigning. the campaigning is over. it's time to sit at the table with the leaders and that's what it's going to take. i'm very disappointing that's not happening. >> i want to play something that house speaker boehner had to say yesterday. >> the revenues we're...
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medica
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was temporary in nature. >> that's not what i asked. i asked what specific would you be willing to do to address what is clearly the number one thing that is going to blow the hole in not only the economy but federal spending, federal budget over the next generation. >> what we have to do is negotiate. everything should be on the table. i think the president indicated that everything would be on the table. the president indicated he is ready to talk about entitlements, et cetera. the other side said we can cannot raise tax hikes at all. we have to make sure that everything is on the table. if everything is
that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was...
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Dec 13, 2012
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and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they want either way. this is trufrustrating republic. when i talk to republicans privately, they say this is hugest from trags. the speaker has put $800 billion on the table and said he would go higher than if the president would come along with spending cuts. >> how high are you hearing? >> it's unclear. i think he's just signaling a willingness which many republicans tell me will also end up being a move on the tax rates. but he can't go there with his caucus, unless he has the spending cuts that he can sell $800 billion in revenue, and we're going to get you $800 billion in spending cuts. democrats don't
and more people trust him to handle fiscal cliff negotiations than speaker boehner to handle the pole. poll. is that why people feel he's going to win at least talking about taxes. >> one, the approval rating is very high. two, republicans go either way. whether republicans want to cut a deal and raise taxes just on the rich or whether they won't go with a deal on january 1st, you'll see taxes to rise on everybody. there's a feeling with democrats they're going to win and get what they...
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sad to report no real solution today and that pretty much sums up the fiscal cliff negotiations. i feel like a broken record. here we go again on the countdown. day 26. got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first time in a week but apparently that's the headline. that's the editorial body. not much came out of it that we know of. sources say no real breakthrough. no formal negotiations. sessions are not scheduled. no back channel discussions taking place that anybody knows about at this time and as we wait for the white house briefing to begin, let's bring in wolf blitzer on this topic. there are a couple of polls that are very telling about how americans feel about congress and the president are behaving when it comes to the fiscal cliff. let me read some of these numbers for you. should obama compro
sad to report no real solution today and that pretty much sums up the fiscal cliff negotiations. i feel like a broken record. here we go again on the countdown. day 26. got another 24 hours closer to the edge of the fiscal cliff which is why we have our eyes on the white house press briefing. got a live picture ready for you so we don't miss anything. for what it's worth, president obama and house speaker boehner are talking. they had a nice telephone conversation. that's terrific. the first...
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but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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we'll bring our viewers live what he has to say about the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years from now. >>> rare december tornados slamming the southern u.s., leaving behind a trail of destruction, devastating communities. we'll take you to the hardest hit areas straight ahead. >> just heard a big bam. thought the world was coming to an end. >> it was real scary. everything was just flying around, just tossed around. >> the tornado just came, bouncing from house to house. rick: some extreme weather to tell you about out of central florida. a tornado tearing through the town of edgewater, damaging about 40 mobile homes in a community there. no serious injuries were reported but
we'll bring our viewers live what he has to say about the fiscal cliff negotiations. whether or not we can read a little bit what he has to say where we're at in the negotiations of the maybe no ski trip to mars included in that. >> reporter: you doubt it. jenna: doug, thank you very much. we appreciate it. rick: the president's second term has not even started yet but some political pundits are already looking ahead to 2016. what they're saying about hillary clinton's chances four years...
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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cliff negotiations are over. the times reports president obama wants a catch-all bill that would also bolster border security measures, ratchet up penalties for employers who hire illegal immigrants, and make it easier to bring in foreign workers under special visas. the white house will launch a social media campaign early next year. cabinet secretaries are preparing to make their case for how changes in immigration laws could benefit businesses, education, health care, and public safety. congressional committees could hold hearings on immigration legislation as soon as late january. with some republicans willing to come to the table and work towards a solution, the timing seems right for the cause. and it's the issue that just makes fiscal sense. as think progress points out, legalizing the 11 million unlimited immigrants in the united states could boost the nation's economy, tax revenues would definitely increase, and giving legal status to young educated immigrants would have a ripple effect, increasing wages
cliff negotiations are over. the times reports president obama wants a catch-all bill that would also bolster border security measures, ratchet up penalties for employers who hire illegal immigrants, and make it easier to bring in foreign workers under special visas. the white house will launch a social media campaign early next year. cabinet secretaries are preparing to make their case for how changes in immigration laws could benefit businesses, education, health care, and public safety....
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lawmakers are channeling their inner publicists in the fiscal cliff negotiations. that pr aside, are we any closer to common ground? and it if all this sounds familiar, it is. we will talk deal making and deja vu with ben jaman wallace walls, and the ranking member of the house budget committee congressman chris van hollen. plus liz wet bar ren's return to washington and her role as a wall street enforcer and activist kerry kennedy joins us for a discussion about human rights and her father's legacy when "now" starts in a mere 180 seconds. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating
lawmakers are channeling their inner publicists in the fiscal cliff negotiations. that pr aside, are we any closer to common ground? and it if all this sounds familiar, it is. we will talk deal making and deja vu with ben jaman wallace walls, and the ranking member of the house budget committee congressman chris van hollen. plus liz wet bar ren's return to washington and her role as a wall street enforcer and activist kerry kennedy joins us for a discussion about human rights and her father's...
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Dec 10, 2012
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one area of those fiscal cliff negotiations that is getting very little attention but could have a major ramification for you and your kids is the estate tax. we will drill down on the future of the inheritance tax. and the other side of google, the internet giant slashing bills -- stashes, i should say, billions in tax shelters to avoid paying taxes. is that fair play or is it absolutely outrageous? we'll talk about that at 1:00 p.m. eastern time. now back to scott and the fast money "halftime report." >> over the weekend johnny manziel made history as the first freshman to win the heisman trophy and with a great nickname to go along with his great story it would seem as though the sky is the limit for the kid they call johnny football. our brian shactman is live in new york city with the texas a&m qb. brian? >> they call him johnny heisman now, too. only the fifth player ever in college football to throw for more than 3,000 yards and run for at least 1,000. johnny, thanks for joining us. first of all, how you holding up? >> not bad. i'm enjoying all of this. just taking it in stride. m
one area of those fiscal cliff negotiations that is getting very little attention but could have a major ramification for you and your kids is the estate tax. we will drill down on the future of the inheritance tax. and the other side of google, the internet giant slashing bills -- stashes, i should say, billions in tax shelters to avoid paying taxes. is that fair play or is it absolutely outrageous? we'll talk about that at 1:00 p.m. eastern time. now back to scott and the fast money...
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to understand what's going on during the hopeless fiscal cliff negotiations rewind to 2011 when boehner and president obama came within inches of a grand bargain, a deal that would have forced both democrats and republicans to eat their vegetables. in its comprehensive analysis of what happens during the secret negotiations, matt bai wrote -- the deal unraveled in large part because speaker boehner could not get his unruly caucus to go along with raising new revenue. fast forward to this year and republicans now think that deal, the one they walked away from, sounds pretty good. they're using it as a basis for their current proposal. only problem. boehner had his chance. president obama now thinks he has the upper hand. according to the "washington post's" ezra klein, quote -- >> joining us now representative chris van hollen of maryland, ranking member of the house budget committee. great to have you on the program. >> great to be with you, alex. >> let's talk a little bit about 2011 versus 2012, which is to say, the republican party is a very different negotiating position than they w
to understand what's going on during the hopeless fiscal cliff negotiations rewind to 2011 when boehner and president obama came within inches of a grand bargain, a deal that would have forced both democrats and republicans to eat their vegetables. in its comprehensive analysis of what happens during the secret negotiations, matt bai wrote -- the deal unraveled in large part because speaker boehner could not get his unruly caucus to go along with raising new revenue. fast forward to this year...
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talking about the fiscal cliff negotiations. a panel of business voters and politicians discuss health care costs. >> this week, hurricanes and the responses and housing issues. craig fugate and shaun donovan testify about hurricanes and the recovery efforts. on thursday, a testimony before the committee on federal housing administration and physical challenges. here on c-span. >> we have had these explosions of knowledge in medicine. but we have not coordinated care. all of these services we have end up having so many cracks that they are as harmful as the diseases we are treating. you have got to step back and ask, are we hurting people overall on a global level? what are we doing sometimes? now we have got these reports saying, 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the tests we order, the procedures, this is something which is, for the first time, being called out as a problem. >> dysfunction in the u.s. health-care industry. what hospitals wil
talking about the fiscal cliff negotiations. a panel of business voters and politicians discuss health care costs. >> this week, hurricanes and the responses and housing issues. craig fugate and shaun donovan testify about hurricanes and the recovery efforts. on thursday, a testimony before the committee on federal housing administration and physical challenges. here on c-span. >> we have had these explosions of knowledge in medicine. but we have not coordinated care. all of these...